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Question 4 1.29 / 3 points For each of the following transactions, indicate the account that should be credited as part of the transaction. Received
Question 4 1.29 / 3 points For each of the following transactions, indicate the account that should be credited as part of the transaction. Received cash from a customer for goods to be delivered in 1 - the future. 1. Cash 3. Used up insurance that had previously been paid for. 2. Accounts or trade receivable Delivered goods to a customer who had previously paid for 6- the goods in advance. 3. Prepaid insurance 4. Insurance expense _4. Paid cash for insurance covering a future period. 5. Interest expense Over the course of the accounting period interest on a loan 8_- became payable 6. Deferred revenue Sold goods on credit. The goods were delivered to the __2 - customer and the customer is likely to pay. 7. Revenue 8. Interest payable Sold goods for cash. The goods were delivered at the Z time of the sale
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